China will do nothing to Bitcoin except buy it!
China is smarter than the US when it comes to economic policy and currency manipulation.
Topic: China Will Kill Bitcoin: A Conspiracy Theory - page 6. (Read 4126 times)
This post is proof that China is achieving what it wants with crypto. There is no country better at manipulating currency than China. They do it with fiat and are now doing it with Bitcoin too. It is quite simple. Claim you are banning cryptos, create FUD and a perception you dislike something, when in reality when the price drops as a result you then go and buy up the cheap coins.
Definitely, thats their way to manipulate btc and to acquire some more. It will be for teir benefit as always. Chinese investors will soon be back in investing ICO once they have plenty of btc on their wallets. 
This post is proof that China is achieving what it wants with crypto. There is no country better at manipulating currency than China. They do it with fiat and are now doing it with Bitcoin too. It is quite simple. Claim you are banning cryptos, create FUD and a perception you dislike something, when in reality when the price drops as a result you then go and buy up the cheap coins.
next is the ban of all Bitcoin exchanges..
Are you Nostradamus? This has just happened recently https://www.cnbc.com/2017/09/11/bitcoin-price-falls-on-reports-that-china-is-closing-local-exchanges.htmlDo you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?
Please tell me what you think...and let's have some fun!
Please tell me what you think...and let's have some fun!
No, you are not hallucinating, you are predicting it right maybe there is something wrong or not actually wrong as the Chinese gov't is probably interested for bitcoin and wants to do something for controlling the transactions in their country.
As we all know Chinese people are good in making money.
China banned only ICO, to suppress or reduce scamming, how do you think that China could banned Bitcoin or crypto currencies trading, if China business are investing on mining Bitcoin and other crypto currencies.
Just my humble opinion.
Just my humble opinion.
Well, according to the Wall Street Journal: "The Bank of China has led a draft of instructions that would ban Chinese exchanges from providing virtual-currency trading services". This just happened over the weekend.
If you read closely, and then read the article the WSJ and Bloomberg are citing, you'll see that there is no evidence that digital currency trading will be banned. Not only is the report totally anonymous, but it doesn't issue a directive against digital currency trading, but rather fiat/crypto trading. That's why Okcoin announced that if the report were true, they would switch operations to a digital assets exchange, rather than principally a BTCCNY exchange.
Here's what George Kikvadze from Bitfury had to say yesterday:
Quote
Spoke to well-connected contacts in China. The latest rumors are just that. May affect small and unregulated players. But thats it!!
Well, according to the Wall Street Journal: "The Bank of China has led a draft of instructions that would ban Chinese exchanges from providing virtual-currency trading services". This just happened over the weekend.
Bitcoin is much forbidden, it will make people curious to know and eventually become bitcoin users. I do not think this would have a major impact because bitcoin users are global and anonymous.
probably they will start a new currency a bitcoin like so that they can compete with the existing one... well... they are very much into imitation so... they will imitate it eventually.... they would proclaim themselves as superpower as the U.S. is indebted to China for quite sometime now...
The Chinese government is likely developing their own digital currency. According to cnLedger, there's already a smartphone app available called "Blockchain e-Wallet" which is developed and designed by the Bank of China. It supposedly uses blockchain technology and can be linked to Bank of China debit cards. There is apparently no bitcoin/crypto interface in the app.
I think the Bank of China would be unlikely to develop this app entirely independently of the government.
See here: https://twitter.com/cnLedger/status/907095022385823744
The main reason they'd want to ban it is because it circumvents their currency controls.
But at least right now, that's not a problem because the Yuan has been rising (pretty
fast, too). That reduces pressure on currency fleeing the country and hence Bitcoin as
an escape route. That makes today's announcement all the more puzzling...
But at least right now, that's not a problem because the Yuan has been rising (pretty
fast, too). That reduces pressure on currency fleeing the country and hence Bitcoin as
an escape route. That makes today's announcement all the more puzzling...
this will not gonna happen not only china can be the destruction of the bitcoin there are so many country's that supports bitcoin including the one of the most wealthy country korea and japan they are supporting this coin until today so this theory can't be happen.
it may give some effects on price but they are not the only one who have the capability to invest on bitcoin but same as you said there are lots of wealthy countries which do supports it.Even if they would decide to ban it I cant see that bitcoin or even cryptoworld would vanish.Let china go on their own business and mind ours on Bitcoin. We can still continue without them this is why I don't worry too much on this matter.
"Yea sure why not China will definitely kill bitcoin" Ok who thinks it is gonna happen I personally don't think China can affect Bitcoin as much that Bitcoin is gonna die. I agree China is a main political player in the world but they can't affect that much to Bitcoin community. As the topic says "a conspiracy theory" it is not gonna happen I personally think it this way. Bitcoin trade caused some problem on their nation they stopped bitcoin trade that's their problem. But another point I have heard that there is a huge amount of bitcoin that is being minned in China there are many btc minners there so this reason may cause a bot of problem I guess.
Even, if all countries in the world would together try to kill Bitcoin by banning it, they couldn't because of the innovative architecture of Satoshi and the worldwide largest community behind it.
China will not be able to put bitcoin down all by itself. China is one of the biggest players in bitcoin market but that does not mean that China can shutdown bitcoin. If China will forbid bitcoin use in their country it can affect bitcoin's price negatively but it is far from being enough to kill bitcoin.
There's an interesting article on Cointelegraph, explaining they already tried to ban bitcoin, and then changed their mind, because the ban was a failure :
https://cointelegraph.com/news/great-time-to-buy-bitcoin-as-unreliable-sources-from-china-spook-markets-
https://cointelegraph.com/news/great-time-to-buy-bitcoin-as-unreliable-sources-from-china-spook-markets-
In order to destroy bitcoin it must be banned by all countries. The ban of one China can only reduce the number of users for a while, and in time in other countries people will join it.
probably they will start a new currency a bitcoin like so that they can compete with the existing one... well... they are very much into imitation so... they will imitate it eventually.... they would proclaim themselves as superpower as the U.S. is indebted to China for quite sometime now...
Why the fuck cryptomarket should care about China and their problems?
This market was growing without China years ago.
This market was growing without China years ago.
China is one of the biggest economies in the world. If U.S. -China trade cools down, it will inevitably have an adverse impact not only on the two countries but also on the entire global economy.
The Chinese are not just fucking around with Bitcoin, they are doing this with other industries too. A recent example is the car industry : https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z { ban sales of diesel- and gasoline-fueled cars in China }
You should consider them as the world's second-biggest economy. ^hmmmmm^
i just think the idea/thought here are too delusional far away from the facts.
China is currently one of top economic powers in the world and any move is likely to be felt one way or another. Kill is maybe a bit too strong word, but it can surely influence it. If they would forbid it, they could forbid the local exchanges and maybe even find a way to prevent individuals from using it but they would not be able to influence the usage of the btc outside China. So they could try, but i'm not sure they would succeed.
Why the fuck cryptomarket should care about China and their problems?
This market was growing without China years ago.
This market was growing without China years ago.
China is one of the biggest economies in the world. If U.S. -China trade cools down, it will inevitably have an adverse impact not only on the two countries but also on the entire global economy.
The Chinese are not just fucking around with Bitcoin, they are doing this with other industries too. A recent example is the car industry : https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z { ban sales of diesel- and gasoline-fueled cars in China }
You should consider them as the world's second-biggest economy. ^hmmmmm^
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